[Congressional Record Volume 144, Number 66 (Thursday, May 21, 1998)]
[Extensions of Remarks]
[Page E936]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             IN HONOR OF THIRD FEDERAL SAVINGS ASSOCIATION

                                 ______
                                 

                        HON. DENNIS J. KUCINICH

                                of ohio

                    in the house of representatives

                         Thursday, May 21, 1998

  Mr. KUCINICH. Mr. Speaker, I rise to honor Third Federal Savings 
Association, which has served as a leader in Cleveland's banking 
community for sixty years.
  Third Federal Savings continues to build upon its legacy as a strong 
civic institution by spearheading the Broadway Development Initiative, 
a group of 100 organizations dedicated to the revitalization of 
Cleveland's Broadway-Slavic Village area. The initiative includes a 
diverse assortment of community groups from the Catholic Diocese of 
Cleveland to government entities.
  The crown jewel of the redevelopment area will be Third Federal's 
$17.3 million operations center, which will be completed in November 
1999. In addition, the bank has pledged to invest $10 million in the 
community within the next ten years.
  Third Federal will also ally with Greater Cleveland Habitat for 
Humanity in combating the problem of homelessness, donating $10 to the 
organization for every mortgage loan made by the bank. This partnership 
will finally make possible the development of the Worsted Woolen Mills 
site, the former location of a factory destroyed by fire in 1993. Prior 
to Third Federal's donation, Greater Cleveland Habitat had trouble 
finding financial backing.
  My fellow colleagues, join me in recognizing Third Federal Savings 
Association's commitment to its surrounding community and in 
congratulating the bank of its 60th Anniversary.

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